Overnight trade seemed paralyzed by the prospect of Wednesday’s May WASDE. Markets then perked up some during the day session with a little more price action, and there was enough commercial buying of both old crop and new crop soymeal futures to support a soybean rally. General Comments Overnight trade seemed paralyzed by the prospect of Wednesday’s May WASDE with its foray into 2017/18.That is, at least, how it appeared with very low volume and hardly any price movement. World ag markets were mixed. Malaysian palm oil was strong, Dalian corn and soymeal futures closed lower, and Paris wheat finished higher in response to forecasts that French wheat will be in for additional hot, dry weather.Markets perked up some during the day session...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.